NIO-SW (09866) shares surged 5.05% in Thursday's trading session, as investors continued to react positively to the company's announcement of record-breaking September deliveries. The Chinese electric vehicle maker's stock climbed on the back of impressive sales figures, showcasing strong demand for its products.
NIO reported delivering 34,749 vehicles in September, marking a substantial 64.1% increase compared to the same month last year. This outstanding performance contributed to the company's quarterly deliveries reaching 87,071 units. The new flagship SUV ES8 played a significant role in boosting these numbers, demonstrating NIO's ability to successfully launch and market new models.
The record-setting delivery figures underscore NIO's growing market presence and its ability to meet the increasing demand for electric vehicles in China. As the company continues to expand its product lineup and improve its production capabilities, investors appear optimistic about NIO's future growth prospects. This positive sentiment is reflected in the stock's strong performance, as the market recognizes NIO's potential to capitalize on the booming electric vehicle market in China and beyond.